Category: Economics

Bailing Out Stablecoins

This morning we are learning the details of the U.S. government’s decision to bail out depositors at Silicon Valley Bank, a failed bank that specialized in dealing with tech startups and venture capital. SVB got into trouble by going long on treasuries in a low interest rate environment. We are no longer in a low […]

Economic Growth Under Authoritarianism and Democracy: The Indonesian Case

Indonesia is one of most striking cases of economic transformation in modern history. At independence, Indonesia was a low-income country subject to centuries of exploitation and resource extraction under Dutch colonial rule. By the 1990s it was one of the Newly Industrialized Economies of East and Southeast Asia. Today, it is a middle-income country, classified […]